Stock analysts expect Owens Corning (NYSE: OC — Get Rating) to report earnings of $3.31 per share for the current quarter, according to Zacks. Four analysts have made estimates for Owens Corning earnings, with the highest EPS estimate coming in at $3.41 and the lowest estimate coming in at $3.19. Owens Corning reported earnings of $2.60 per share in the same quarter last year, indicating a positive annual growth rate of 27.3%. The company is due to report its next quarterly earnings report on Monday, January 1st.
On average, analysts expect Owens Corning to report full-year earnings of $11.65 per share for the current fiscal year, with EPS estimates ranging from $11.05 to $12.39. For the next fiscal year, analysts expect the company to report earnings of $11.44 per share, with EPS estimates ranging from $9.45 to $12.32. Zacks earnings per share averages are an average based on a survey of analysts providing coverage for Owens Corning.
Owens Corning (NYSE: OC – Get Rating) released its latest quarterly earnings data on Wednesday, April 27. The construction company reported earnings of $2.84 per share for the quarter, beating expectations of $2.42 by $0.42. Owens Corning had a return on equity of 24.44% and a net margin of 12.20%. The company generated $2.35 billion in profit for the quarter, compared to analysts’ expectations of $2.23 billion. During the same period last year, the company earned $1.73 per share. The company’s revenue increased 22.5% year-on-year.
Several brokerages have recently released reports on OC. Evercore ISI raised its price target on Owens Corning from $132.00 to $140.00 and assigned the company a “superior” rating in a research report on Thursday, February 17th. UBS Group began covering Owens Corning in a research report on Wednesday, January 19th. They assigned a “buy” rating and a target price of $122.00 to the company. Trust Financial cut Owens Corning’s rating from “buy” to “hold” and cut the company’s target price from $115.00 to $85.00 in a research report on Tuesday, April 5th. Credit Suisse Group began covering Owens Corning in a research report on Tuesday, April 5th. They assigned a “neutral” rating and a target price of $105.00 to the company. Finally, Jefferies Financial Group raised its target price on Owens Corning from $136.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, February 17th. Seven analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Owens Corning currently has an average rating of “Buy” and an average price target of $108.75.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC boosted its stake in Owens Corning by 32.0% in the first quarter. Quadrant Capital Group LLC now owns 487 shares of the builder’s stock valued at $44,000 after purchasing an additional 118 shares during the period. First Bank & Trust boosted its stake in Owens Corning by 3.6% in the first quarter. First Bank & Trust now owns 3,461 shares of the builder’s stock valued at $316,000 after purchasing an additional 121 shares during the period. Convergence Investment Partners LLC boosted its stake in Owens Corning by 7.6% in the first quarter. Convergence Investment Partners LLC now owns 1,860 shares of the construction company’s stock valued at $170,000 after purchasing an additional 132 shares during the period. CIBC World Markets Inc. Its stake in Owens Corning increased by 1.0% in the fourth quarter. CIBC World Markets now owns 15,140 shares of the construction company’s stock valued at $1,370,000 after purchasing an additional 146 shares during the period. Finally, Canandaigua National Corp boosted its stake in Owens Corning by 4.2% in the fourth quarter. Canandaigua National Corp now owns 4,000 shares of the builder’s stock valued at $362,000 after purchasing an additional 163 shares during the period. Institutional investors and hedge funds own 92.55% of the company’s shares.
Owens Corning shares opened at $93.22 on Wednesday. Owens Corning recorded a one-year low of $79.35 and a one-year high of $109.24. The company has a market capitalization of $9.05 billion, a P/E ratio of 8.81, a P/E ratio of 0.59 and a beta of 1.37. The 50-day moving average per share is $90.77 and the 200-day moving average is $91.15. The company’s debt-to-equity ratio is 0.68, the trading ratio is 1.72 and the velocity ratio is 1.14.
Owens Corning Company Profile (Get Rating)
Owens Corning manufactures and markets insulation, roofing and fiberglass composites in the United States, Canada, Europe, the Asia Pacific region, and internationally. It operates in three divisions: Vehicles, Insulation, and Roofing. The Composites segment manufactures, manufactures and sells glass reinforcements in the form of fibres; and fiberglass products in the form of fabrics, non-wovens and other specialty products.
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